Comments on: Trade Watch: Further Confirmation of Slowdown in Container Shipments http://www.nakedcapitalism.com/2008/12/trade-watch-further-confirmation-of.html Sun, 22 Nov 2009 22:11:10 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2008/12/trade-watch-further-confirmation-of.html#comment-29790 Anonymous Fri, 19 Dec 2008 06:24:00 +0000 http://www.nakedcapitalism.com/2008/12/trade-watch-further-confirmation-of-slowdown-in-container-shipments/#comment-29790 Drewry and the others who sell their fancy reports are frequently wrong, and I'd bet on a far larger drop for container freight rates on the major trunk routes. It will take several years to for the containership market to soak up the newbuilding capacity, and very painful consolidation is quite close. <br/><br/>BDI does not reflect containership/liner market. <br/><br/>RPB is simply ignorant of the shipping biz. Drewry and the others who sell their fancy reports are frequently wrong, and I’d bet on a far larger drop for container freight rates on the major trunk routes. It will take several years to for the containership market to soak up the newbuilding capacity, and very painful consolidation is quite close.

BDI does not reflect containership/liner market.

RPB is simply ignorant of the shipping biz.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/12/trade-watch-further-confirmation-of.html#comment-29773 Anonymous Thu, 18 Dec 2008 23:31:00 +0000 http://www.nakedcapitalism.com/2008/12/trade-watch-further-confirmation-of-slowdown-in-container-shipments/#comment-29773 Global shipping slump hits local restaurants.<br/>http://seattletimes.nwsource.com/html/localnews/2008528828_bigship170.html Global shipping slump hits local restaurants.
http://seattletimes.nwsource.com/html/localnews/2008528828_bigship170.html

]]> By: Anonymous http://www.nakedcapitalism.com/2008/12/trade-watch-further-confirmation-of.html#comment-29772 Anonymous Thu, 18 Dec 2008 23:16:00 +0000 http://www.nakedcapitalism.com/2008/12/trade-watch-further-confirmation-of-slowdown-in-container-shipments/#comment-29772 <i>what will happen to the railroads when you tax or regulate coal (20-50% of revenues, depending upon the RR Co.) out of existence?</i><br/><br/>That makes less sense than wondering what happened to individual flower beds when Pompeii was buried by Vesuvius. Not a serious question, except for the tinfoil rotor top hat globowarmers that hallucinate an economic recovery can be based on higher energy prices. what will happen to the railroads when you tax or regulate coal (20-50% of revenues, depending upon the RR Co.) out of existence?

That makes less sense than wondering what happened to individual flower beds when Pompeii was buried by Vesuvius. Not a serious question, except for the tinfoil rotor top hat globowarmers that hallucinate an economic recovery can be based on higher energy prices.

]]> By: RPB http://www.nakedcapitalism.com/2008/12/trade-watch-further-confirmation-of.html#comment-29761 RPB Thu, 18 Dec 2008 19:59:00 +0000 http://www.nakedcapitalism.com/2008/12/trade-watch-further-confirmation-of-slowdown-in-container-shipments/#comment-29761 Again, while this bodes poorly for the future, it is an excellent opportunity for commodities traders. <br/><br/>The most salient point of this article is that some goods are cheaper moved by ship than by train or truck. Railroads are about to feel major pain as many involved in the physical commodities trade are bringing vessels into the coasts from abroad rather than rail shipping from the interior. Rail rates are about to drop significantly.<br/><br/>Question: With bulk shipments of everything from grain to clinker to autos to basic chemicals down, what will happen to the railroads when you tax or regulate coal (20-50% of revenues, depending upon the RR Co.) out of existence? Again, while this bodes poorly for the future, it is an excellent opportunity for commodities traders.

The most salient point of this article is that some goods are cheaper moved by ship than by train or truck. Railroads are about to feel major pain as many involved in the physical commodities trade are bringing vessels into the coasts from abroad rather than rail shipping from the interior. Rail rates are about to drop significantly.

Question: With bulk shipments of everything from grain to clinker to autos to basic chemicals down, what will happen to the railroads when you tax or regulate coal (20-50% of revenues, depending upon the RR Co.) out of existence?

]]> By: Anonymous http://www.nakedcapitalism.com/2008/12/trade-watch-further-confirmation-of.html#comment-29760 Anonymous Thu, 18 Dec 2008 19:51:00 +0000 http://www.nakedcapitalism.com/2008/12/trade-watch-further-confirmation-of-slowdown-in-container-shipments/#comment-29760 Hi Yves,<br/><br/>Consider the below link on a massacre <br/>of cows by starving Argentinians. Got it from Financial Armageddon. <br/><br/>http://www.washingtonpost.com/wp-dyn/articles/A47822-2002Aug5.html Hi Yves,

Consider the below link on a massacre
of cows by starving Argentinians. Got it from Financial Armageddon.

http://www.washingtonpost.com/wp-dyn/articles/A47822-2002Aug5.html

]]> By: GloomBoom.com http://www.nakedcapitalism.com/2008/12/trade-watch-further-confirmation-of.html#comment-29757 GloomBoom.com Thu, 18 Dec 2008 19:17:00 +0000 http://www.nakedcapitalism.com/2008/12/trade-watch-further-confirmation-of-slowdown-in-container-shipments/#comment-29757 This is getting really bad. The BDI has been down for a long time and that means that very little is coming our way. Time to plan for a depression. This is getting really bad. The BDI has been down for a long time and that means that very little is coming our way. Time to plan for a depression.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/12/trade-watch-further-confirmation-of.html#comment-29731 Anonymous Thu, 18 Dec 2008 16:26:00 +0000 http://www.nakedcapitalism.com/2008/12/trade-watch-further-confirmation-of-slowdown-in-container-shipments/#comment-29731 Another shipping Company goes under.<br/><br/>Atlas shipping has gone under<br/><br/>http://www.tradewinds.no/crisis_watch/article526704.ece<br/><br/>http://shipchartering.blogspot.com/2008/12/atlas-shipping-files-for-bankruptcy.html<br/><br/>Doesn't bode well at all for the world economy as a whole. Another shipping Company goes under.

Atlas shipping has gone under

http://www.tradewinds.no/crisis_watch/article526704.ece

http://shipchartering.blogspot.com/2008/12/atlas-shipping-files-for-bankruptcy.html

Doesn’t bode well at all for the world economy as a whole.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/12/trade-watch-further-confirmation-of.html#comment-29700 Anonymous Thu, 18 Dec 2008 11:52:00 +0000 http://www.nakedcapitalism.com/2008/12/trade-watch-further-confirmation-of-slowdown-in-container-shipments/#comment-29700 Sounds like Americans renounced the habbit of buying cheap Chinese plastic as a form a psychotherapy. Looks like we're finally cured! <br/><br/>Who said psychotherapy doesn't work!?<br/><br/>Vinny Goldberg Sounds like Americans renounced the habbit of buying cheap Chinese plastic as a form a psychotherapy. Looks like we’re finally cured!

Who said psychotherapy doesn’t work!?

Vinny Goldberg

]]> By: a http://www.nakedcapitalism.com/2008/12/trade-watch-further-confirmation-of.html#comment-29683 a Thu, 18 Dec 2008 08:49:00 +0000 http://www.nakedcapitalism.com/2008/12/trade-watch-further-confirmation-of-slowdown-in-container-shipments/#comment-29683 For links today, look at<br/><br/>http://www.sciam.com/article.cfm?id=blackouts-and-cascading-failures<br/><br/>(via Economist's View)<br/><br/>and see one of your favorite themes taken up by a MSE (main-stream economist). For links today, look at

http://www.sciam.com/article.cfm?id=blackouts-and-cascading-failures

(via Economist’s View)

and see one of your favorite themes taken up by a MSE (main-stream economist).

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